UPDATE: Wunderlich Initiates Coverage on Pioneer Natural Resources on Leading Wolfcamp Play Operations

In a report published Friday, Wunderlich Securities analyst Mostafa Dahhane initiated coverage on Pioneer Natural Resources (NYSE: PXD ) with a Buy rating and $197.00 price target. In the report, Wunderlich Securities noted, “We are initiating coverage of Pioneer Natural Resources Company (PXD) with a Buy rating and $197 price